Amendment to Retirement and Consulting Agreement between Diebold, Incorporated and Robert W. Mahoney

Contract Categories: Human Resources › Consulting Agreements
Summary

Diebold, Incorporated and Robert W. Mahoney have agreed to extend the consulting period under Mahoney's Retirement and Consulting Agreement by one year, now ending on July 1, 2003. This amendment does not affect Mahoney's rights under section 3e of the original agreement. However, the term of the October 15, 1996 Nonqualified Stock Option Agreement will expire on July 1, 2002. Both parties have signed to confirm their agreement to these changes.

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EX-10.18.II 6 l96882aexv10w18wii.txt EXHIBIT 10.18(II) LETTER EXHIBIT 10.18 (ii) June 25, 2002 Mr. Robert W. Mahoney Diebold, Incorporated 3800 TABS Drive Uniontown, Ohio 44685 Dear Bob: This will confirm our recent conversation regarding your consulting services. Effective July 1, 2002, Diebold, Incorporated and you agree that your Retirement and Consulting Agreement is amended by extending the "Consulting Period," as defined in section 2a of that Agreement, such that the "Consulting Period" now will terminate on July 1, 2003. As discussed, notwithstanding the amendment of "Consulting Period," your rights under section 3e of your Retirement and Consulting Agreement shall not be affected by this extension of your consulting arrangement. As a result, the term of the October 15, 1996 Nonqualified Stock Option Agreement shall expire on July 1, 2002. We very much appreciate your past consulting services and look forward to working with you during the upcoming year. If this letter accurately reflects our understanding, please indicate your agreement by signing where designated below. I am including two signed originals of this letter so please sign both, return one to me and keep one for your records. Again, thank you very much. Sincerely yours, DIEBOLD, INCORPORATED /s/Charles B. Scheurer Charles B. Scheurer Vice President, Corporate Human Resources CBS/ma Accepted and Agreed by: /s/Robert W. Mahoney June 26, 2002 - ------------------------------------ ------------------------ Robert W. Mahoney Date 38